secwatch.observer — SEC 8-K summary
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Issuer:     Weave Communications, Inc. (WEAV)
CIK:        0001609151
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001609151-24-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Weave Q3 revenue $52.4M (+20.3% YoY); first positive non-GAAP op income $1.4M
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- GAAP net loss $5.9M ($0.08/share) improved from $7.1M loss ($0.10) a year ago.
- Non-GAAP net income $2.1M ($0.03/share) vs. loss of $1.0M ($0.01) in Q3 2023.
- GAAP gross margin 72.0% (up 330 bps YoY); Non-GAAP gross margin 72.5% (up 320 bps).
- Free cash flow $3.5M, up from $2.1M YoY; cash & short-term investments $98.2M.
- Q4 revenue guidance $52.6-53.6M; full-year FY2024 revenue $202.7-203.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1609151/000160915124000142/0001609151-24-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1609151/000160915124000142/weav-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001609151-24-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer